Auto Analyst Compares Detroit 3 - Ford, GM, Stellantis - And 2 Auto Suppliers BorgWarner, Mobileye: Which 2 Stocks Have Top Ratings?
Portfolio Pulse from Chris Katje
Piper Sandler analyst Alexander Potter initiated coverage on five automotive stocks, favoring Stellantis NV (STLA) with an Overweight rating and a $39 price target. Ford (F) and General Motors (GM) received Neutral ratings with price targets of $13 and $44, respectively. BorgWarner (BWA) was also rated Overweight with a $43 target, while Mobileye (MBLY) was given a Neutral rating and a $31 target. Potter's analysis reflects a shift towards electric vehicles (EVs), highlighting Stellantis' strong position despite EV market pressures and BorgWarner's alignment with the EV transition. Ford and GM face challenges in the EV transition, potentially impacting their margins.
March 15, 2024 | 5:33 pm
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NEUTRAL IMPACT
Ford Motor Company was rated Neutral with a $13 price target by Piper Sandler, facing challenges in the EV transition that may impact margins.
Ford's neutral rating reflects uncertainties in its EV transition strategy, suggesting a neutral short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
General Motors Company received a Neutral rating and a $44 price target from Piper Sandler, with concerns over its EV transition and market share.
GM's neutral rating is due to potential challenges in the EV market, indicating a neutral short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Mobileye Global received a Neutral rating and a $31 price target from Piper Sandler, with concerns over new product launches.
Mobileye's Neutral rating is due to uncertainties around new product launches, indicating a neutral short-term impact on its stock.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
BorgWarner Inc was rated Overweight with a $43 price target by Piper Sandler, aligning its products with the EV transition.
BorgWarner's Overweight rating reflects its strategic alignment with the EV transition, suggesting a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Stellantis NV received an Overweight rating and a $39 price target from Piper Sandler, highlighting its strong position and margin resilience in the EV transition.
Stellantis is favored due to its strong margins and ability to bridge the gap to a post-ICE world, indicating a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90